TripleBlind, based in Kansas City, MO. A developer of a cryptographic platform designed to share, leverage, and monetize regulated data privacy.
TripleBlind was funded $24 million led by General Catalyst and Mayo Clinic with participation from AVG Basecamp Fund, Accenture Ventures, Clocktower Technology Ventures, Dolby Family Ventures, Flyover Capital, KCRise Fund, NextGen Venture Partners, Wavemaker Three-Sixty Health, and other strategic angel investors.
The company aims to use the new investment to expand operations and its business reach—also, the Comprehensive Data Privacy Solutions at the enterprise level.
TripleBlind’s platform, which officially launched in November 2020, is compliant today with data privacy and data residency regulations in some 100 countries, with HIPAA, GDPR, and California’s CCPA among them. However, the company estimates there are some 43 zetabytes of data store by enterprises globally that not use as possible because of the limitations impose both by these and other data protection rules and general hesitancy over-sharing IP and other issues around sharing data.
The company today, interest has grown exponentially. It now includes leaders in financial services, media and telecommunications, energy, and many other industries where sharing data assets is critical to sustained, long-term growth.
Quentin Clark, Managing Director of General Catalyst, said, TripleBlind is an incredible platform for empowering companies to collaborate on data while preserving privacy, data rights, and intellectual property. Significant today in the healthcare industry, as data mobility results in fragmented and non-optimal care. They believe that TripleBlind’s platform for enabling teams to work together with the most private and sensitive data is a necessary part of how companies will be able to have agility while respecting the privacy of their customers and the intellectual property of their partners.
By: K. Tagura
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